You are here: Home > articles > Forex > Indicator analysis: Daily review of EUR/USD on October 26, 2023
Indicator analysis: Daily review of EUR/USD on October 26, 2023
October 26, 2023 9:26 amVideo
Latest News
- GBP/USD: trading plan for the US session on April 5th (analysis of morning deals) April 7, 2024
- EUR/USD: trading plan for the US session on April 5th (analysis of morning deals). The euro hit 1.0842 April 7, 2024
- Analysis and trading tips for USD/JPY on April 5 (US session) April 7, 2024
- Analysis and trading tips for GBP/USD on April 5 (US session) April 7, 2024
- Analysis and trading tips for EUR/USD on April 5 (US session) April 7, 2024
- EUR/USD: ECB may get ahead of the Fed April 7, 2024
- Video market update for April 05, 2024 April 7, 2024
- XAU/USD: what are odds of further growth after US NFPs April 7, 2024
- Forecast for EUR/USD pair on April 5, 2024 April 7, 2024
- GBP/USD. April 5th. Will Nonfarm Payrolls help the dollar? April 7, 2024
- Can Q1 earnings season refuel the equity market rally? – Stock Markets April 7, 2024
- Why is gold defying gravity? – Special Report April 7, 2024
- RBNZ may start laying groundwork for a rate cut – Preview April 7, 2024
- Week Ahead – ECB decision and US inflation to fuel FX volatility April 7, 2024
- Technical Analysis – GBPUSD loses steam above uptrend line April 7, 2024
- Technical Analysis – EURUSD trims earlier gains as clock ticks down to NFP April 7, 2024
- Market Comment – Fed hawks spook markets ahead of NFP April 7, 2024
- Technical Analysis – GBPJPY trades lower ahead of key market events April 7, 2024
- Technical Analysis – USDCAD ticks higher within ascending channel April 7, 2024
- Forex forecast 04/05/2024: EUR/USD, GBP/USD, SP500 and Bitcoin from Sebastian Seliga April 7, 2024
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0565 (closing of yesterday’s daily candle) to 1.0519, the historical support level (blue dotted line). In the case of testing this level, an upward movement is possible with a target at 1.0569, the 14.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move downward from the level of 1.0565 (closing of yesterday’s daily candle) to 1.0519, the historical support level (blue dotted line). In the case of testing this level, an upward movement is possible with a target at 1.0569, the 14.6% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.0565 (closing of yesterday’s daily candle) to the lower fractal at 1.0523 (daily candle from 10/18/2023). In the case of testing this level, an upward movement is possible with a target at 1.0615, the historical resistance level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: